Bitcoin gains believers despite risk the digital currency could bust

9:42 AM,
Jun. 29, 2013

Written by

Ashley Petry
Star correspondent

When Indiana insurance agency Beauchamp McSpadden started accepting Bitcoins a few months ago, it saw an immediate uptick in new customers who were eager to pay their insurance premiums using their stash of digital currency.

Bitcoin, the world's most widely circulated digital currency, has reached a tipping point in recent months. Previously the low-key pet project of tech-savvy developers and entrepreneurs, the currency is now gaining mainstream acceptance among merchants and consumers despite lingering concerns about its security, lack of regulatory oversight and volatility.